HB278 Alabama 2013 Session

Updated Jan 11, 2026

Summary

Primary Sponsor: Craig Ford
Independent
Co-Sponsors: Thad McClammy Laura Hall James E. Buskey Napoleon Bracy John Robinson Thomas Jackson Ralph Howard George “Tootie” Bandy David Colston Merika Coleman Pebblin W. Warren Dexter Grimsley Johnny Mack Morrow Rod Scott Barbara Bigsby Boyd Elaine Beech Marcel Black Darrio Melton Oliver Robinson Greg Burdine John F. Knight Jr Lawrence McAdory John W. Rogers
Session: Regular Session 2013
Title: Retirement, DROP reestablished, exceptions, Secs. 16-25-150, 36-27-170 am'd.
Description: Currently, members of the Teachers' Retirement System and the Employees' Retirement System may not be new participants in the DROP Program after April 1, 2011, which also imposes limits on interest that could be paid on DROP accounts.
This bill would reestablish DROP and would remove limits on interest that could be paid on DROP accounts.
Subjects: Retirement

Read for the first time and referred to the House of Representatives committee on Ways and Means Education